What Is One Reason International Specialization Would NOT Occur

question 1

Multiple Choice

What is one reason international specialization would NOT occur?  

• A) because some countries have educated, trained workers, while other countries have unskilled workers 
• B) because tastes and preferences tend to be different in different countries 
• C) because economies of scale can allow larger producers to operate at lower average cost 
• D) because the world price of a good is determined by the world supply and demand for it

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Definitions:

Marketing Defects

Flaws in how a product is marketed, such as misleading information or incorrect target market identification, that can affect sales and reputation.

Digital Signatures

Electronic signatures that use cryptographic techniques to authenticate the identity of the signer and ensure the integrity of the signed document.

European Union

A political and economic union of 27 European countries that are located primarily in Europe, aiming to facilitate free movement of goods, services, and people.

UCC

Refers to the Uniform Commercial Code, a set of laws that govern commercial transactions in the United States.